Bumps in Road for Diamond Foods Acquiring Pringles

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... Procter Gamble selling trinkets ... he is being ... bought by publicly traded company Diamond Foods Wright which is I think the world's largest ... package or walnuts yet connected are as follows well with our right not that they make a lot of a ... snack foods that these deities the way the organ pages Diamond Foods not that the company would ... issue a lot of stock to PNG exactly and then use of accounting scandals analysts are down twenty percent today what's going on yet it's been a roller coaster lately on stock was up fifty percent on Friday with a two percent was up fifty percent debt market is that if you are I don't know it some ... choose what is it so it ... was not some ... expects a ... slight note now it's like six or Abilio yet I have to check its been around so much but it's ... but the interesting thing which you would choose that it's smaller than previous break so they're having it uses Adobe was like over two billion ... yet we gaze at the bell yes valued the company over over to Boeing now by ... the way was to work ... and they still work the deal goes through ... is that um PNG shareholders to take the deal ... will wanted owing more than half of the ein ... dynasty stay healthy yet to Reverse Morris Trust but I think that anyway ... the um and it's off the stock's up ... at nine am on and a good point that that the recent through the stories very interesting right now is because ... when the stock is as low as it is the valuation ... you know implied terms the deal is not really high enough ... to dial the right yes ... justify ... PNG selling exactly exactly know you're there to say about that they're saying we're committed to the deal until the investigation ensued presumably ... it the investigation comes out clean stocks can soar ... but ... um you know ... I'm ... as as time passes you have to wonder what in the world they're doing they won a couple more months now ... something I know this this morning on the company is in the late filing its out ... its ten Q score lists the filing ... I checked the merger agreement in the acquirer is required ... to know to be done with it yet exactly yes the dining activist poet boilerplate ... is required to you know how to file its top in a timely way non they've not done that I would think ... that you know PNG has excuse to get a deal right ... in terms of the actual stocks and for PNG still can small potatoes react by not enough to move the needle woman mpg stock so it's really give euro Idera Diamond Foods' share older and you're not a merger arbitrage or ... its cash that the Pope like that you know that is why we get the family cat who knows what to do is that it says it all hinges on this right so if the deal falls apart stocks going fifteen bucks if it if it you know ... it to go through it goes back fifty five practice that was the stock right now by the board and chair of the ... crate door is ... the stock to go back to PNG ... IQ this was like seventeen sixty seven dollars nine dollars and ninety don't all just another day that that they're all the space of the of a few months was frightened of this is all happened since I wrote that story late September explaining the sudden are standing issue careful ... well I'm not on our report and report these euro hitting